I recently had my refund checkdeposited into a closed bank account that had been closed for about seven months. The thing is, I owed the bank money and a collection agency sent me several notices. What will happen?
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The odds are strong that the bank will exercise a right of offset to recover whatever it can of the debt you owe. That was the chance you took when you elected to deposit that refund check in a closed account.
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The odds are strong that the bank will exercise a right of offset to recover whatever it can of the debt you owe. That was the chance you took when you elected to deposit that refund check in a closed account.
